First Time Home Buyer
You have taken your first steps to home ownership. History has proven that buying your first property is probably the largest purchase you'll ever make. It can be a stressful process and we're sure you have many questions. You are in capable hands with your Barrie Home Listings Team! We have been helping first time home buyers Barrie & Area for years. We deal with many diverse client portfolios from first time Buyers to multi-million dollar clients. We will take you through the process, step by step and make sure you are protected and comfortable with your purchase. Congratulations on your decision to purchase your own home.
Here is some information to get you started !
1. GET THE FACTS
Knowing you are ready to move forward and begin the process will give you more clarity and confidence that you have made the decision already, now it's just a matter of starting the process. You may be eligible for a refund of your Ontario Land Transfer Tax up to $4000.00 Dollars.
2. GET A MORTGAGE PRE-APPROVAL
It's crucial for you to understand what you can afford to buy, so before we even start looking at homes you need to get a mortgage pre-approval. This will help you to know what your affordability is and what you are comfortable paying. When you are approved you don't have to spend the maximum amount but you cannot exceed it.
3. WHY USE A PROFESSIONAL
Getting acquainted with the housing market is a time consuming task. There are many factors to consider such as price, location, future developments in the area, schools, hidden costs, appreciation value and much more..... We can help you by-pass all of that as we know the market. BEST OF ALL the sellers pay the commission, so there is normally NO COST TO YOU.
4. SET UP A BUYERS CONSULTATION WITH US
We provide you with expert knowledge, experience and honest advice. Even better news is that our service is FREE to you as a buyer - that's right you don't pay us any commission.
5. BE AWARE OF ADDITIONAL COSTS !
We could tell you many stories of buyers who have worked with other realtors who didn't even explain other costs they would incur when purchasing a unit and had a very unpleasant surprise from their lawyer on closing day. To be asked to come up with extra money that you didn't expect isn't the kind of surprise you don't want. There are many additional costs you need to be aware of - we will explain these to you in detail. Some of these costs may include:
- Land Transfer Taxes
- Mortgage Broker Fees
- Bank Appraisal Fees
- Lawyer Fees
- Mortgage Insurance Fees